New Credit Rating System Coming [CNN]

[Jim Choate]

Forwarded message:

>                       NEW CREDIT RATING SYSTEM ON HORIZON
>                                        
>      graphic February 5, 1998
>      Web posted at: 2:38 p.m. EST (1938 GMT)
>      
>      NEW YORK (AP) -- Within months, retailers will be able to use a new
>      computerized credit-rating system to decide not only whether they'll
>      take your check or debit card, but how big a check you can write.
>      
>      Banks will be able to use the system to determine whether they will
>      let you open a checking account, and what kind of fees you will pay.
>      
>      Deluxe Corp., the nation's biggest check printer, has joined Fair,
>      Isaac & Co., a credit scoring company, and Acxiom Corp., a data
>      warehouse, to create the system for rating a merchant's risk of
>      accepting checks and debit cards.


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